Edible Insect Market Methodology:
The edible insect market was valued at USD 293.12 million in 2023 and is projected to reach USD 1973.38 billion by 2032, growing at a CAGR of 23.6% from 2024 to 2032.
Introspective Market Research offers comprehensive Edible Insect Market research studies, providing valuable insights and strategic guidance to businesses worldwide. We ensure reliability and accuracy in our reports for informed decision-making.
The keyword market research study ensures the highest level of accuracy and reliability as we precisely examine the overall industry, covering all the market fundamentals. By leveraging a wide range of primary and secondary sources, we establish a strong foundation for our findings. Industry-standard tools like Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis further enhance the comprehensiveness of our evaluation.
Our study also discusses the complete keyword market ecosystem, explaining the various market stakeholders, their functions and interdependencies between them. Further, with an emphasis on comprehensive segmentation analysis and geographical coverage, the study enables a profound understanding of regional trends. Moreover, we explore external factors, providing a comprehensive view of market dynamics.
Edible Insect Market Dynamics:
Insects that can be eaten are intricate and varied. On the one hand, their popularity as a wholesome and sustainable food source is rising. This is influenced by things like the growing world population and environmental issues with conventional cattle production. As they generate fewer greenhouse emissions and use less space and water, insects may be a more environmentally friendly source of protein.
But a major barrier is the cultural dislike of insects in many societies. Despite the potential benefits, the "entomophagy taboo" deters people from eating edible insects. In this case, familiarity is key. While some cultures have historically consumed insects, others will need knowledge and creative preparation techniques to get over their "ick factor."
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Edible Insect Market Segmentation:
By Insect Type
- Rhinoceros Beetles
- Ants
- Grasshopper
- Silkworms
- Crickets
- Others
By Product
- Whole Insect
- Powder
- Bar
- Others
By Application
- Human Consumption
- Animal Feed
- Cosmetics
- Pharmaceuticals
- Others
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Edible Insect Market Key Players:
- Coalo Vally Farms (US)
- Cricket Lab (U.K.)
- JR Unique Foods Ltd., Part (Thailand)
- Global Bugs Asia Co., Ltd. (Thailand)
- Haocheng Mealworm Inc. (China)
- Kreca Ento-Food BV (The Netherlands)
- Aspire Food Group (US)
- All Things Bugs, Ltd. (US)
- Beta Hatch Inc. (US)
- The Bühler Holding Ag (Switzerland)
- Agriprotien Technologies (South Africa)
- Chapul (US)
- Thailand Unique (Thailand)
- Six Foods (US)
- Crowbar Protein (Iceland)
- Gathr Foods (United Kingdom)
- Protix (Netherlands)
- Ynsect (France) and other major players.
Edible Insect Market Regional Analysis:
Asia-Pacific area is growing significantly. Asia-Pacific nations, including China, Thailand, Vietnam, and Cambodia, have seen a sharp increase in the consumption of edible insects in recent years. These insects are becoming more and more popular as a sustainable and wholesome food source because they are high in protein and other vital components. An important factor is the cultural acceptance of eating insects in many Asian countries. It is easier for certain populations to accept insects as a common food item since they have historically been a component of their diets. In addition, interest in edible insects has increased as more people become aware of the advantages that insect farming offers the environment, such as lowered greenhouse gas emissions and effective land use.
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Company Profiles and Competitive Analysis:
COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Edible Insect Market Share By Manufacturer (2022)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ARIEL CORPORATION
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves and Recent Developments
- SWOT Analysis
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